Apple’s decision to only allow Apple Pay to access the NFC chip in iPhones could result in the Silicon Valley giant paying hefty anti-monopoly fines in Europe.
The EU is set to file anti-competitive charges against Cupertino regarding its tap-to-pay system, Reuters reported, citing sources. Euro antitrust watchdogs are apparently not happy that the NFC chips in iPhones and iPads are restricted to the iGiant’s Pay software, unfairly locking out alternative wireless payment apps.
The charges will be the result of a European Commission investigation that started last year into Apple’s terms and conditions with merchants, the limited access to the NFC hardware, and more.
“It is important that Apple’s measures do not deny consumers the benefits of new payment technologies, including better choice, quality, innovation and competitive prices,” said Competition Commissioner Margrethe Vestager in 2020. “I have therefore decided to take a close look at Apple’s practices regarding Apple Pay and their impact on competition.”